Mumbai News, 2 March 2026: Paras Defence and Space Technologies Ltd became the talk of the stock market today, Monday 2 March 2026. Due to rising political tensions in the Middle East (Iran-Israel-US conflict) and the company announcing its new semiconductor venture, share prices saw a significant rise. On the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the company’s shares increased by 7 to 13 percent. B
y 12:40 pm, the NSE share price reached ₹684.65, showing a 7.35 percent (₹46.85) increase compared to the previous closing price of ₹637.80. On the same day, the share hit a high of ₹722.50 and a low of ₹631.85, with an opening price of ₹636.00. Trading volume was also high – around 11.528 million (1.15 crore) shares were bought and sold.
A similar trend was seen on the BSE, where the share price reached ₹712.55 at 11:24 am, showing an increase of 11.72 percent. In the morning, the share was fluctuating between ₹707.50 and ₹712.50, and despite the overall market decline, shares in the defence sector performed strongly. On both NSE and BSE, shares have been fluctuating since this morning, reaching a peak just after 11 am and then slightly dipping in the afternoon. These changes have been influenced by the uncertainty caused by conflicts in the Middle East and the rising demand in the defence sector.
Share price updates and market trends
Today, the share price updates till 2 March 2026 are as follows:
NSE update (at 12:34 PM):
- Current price: ₹684.65
- Change: +₹46.85 (+7.35%)
- Open: ₹636.00 High: ₹722.50
- Low: ₹631.85
- Previous close: ₹637.80
- Trading volume: 1.1528 million shares (Bought: 1,757,978; Sold: 731,088)
BSE update (from 11:00 am to 12:00 pm):
- Current price (estimated): ₹707.50 to ₹712.50
- Change: +10.84% to 11.71%
- High: ₹722.50 (intraday)
- Low: ₹631.85 (intraday)
- Previous close: ₹637.80
- Trading volume: Consistent with NSE patterns, heavy buying observed.
These updates are from market opening (9:15 AM) to 12:40 PM. Due to tensions in the Middle East (increased conflict after the death of Iran’s top leader), buying in defence shares surged, with Paras Defence rising up to 13.5%. Even though the overall market (Nifty and Sensex) was down by 1-3%, the Defence Index (Nifty India Defence) went up 1.5% to 8,249.70. Other defence companies like HAL (1.56%), BEL (1.48%), Bharat Dynamics (3.52%), Data Patterns (4.28%) and Ideaforge (14.77%) also performed strongly.
The company’s total debt situation
Paras Defence and Space Technologies is financially strong, and according to the latest financials (up to Q3 FY2026), the company has very little debt. In the quarter ending December 2025, the company reported strong profits, and the debt level is minimal (around ₹1.5 to ₹10 crore, almost debt-free compared to previous years). With a balanced balance sheet, this low debt position helps the company pursue new initiatives. These figures are based on the company’s annual report and Q3 FY2026 results, showing 24% sales growth and 21% profit increase.
Total return given by the company
Paras Defence and Space Technologies has given investors strong returns. The company’s shares were listed at ₹175 in the IPO in October 2021, while the opening price on the listing day was ₹475. Considering today’s price of around ₹700 (approx), the total return since the IPO (compound return) is over 300% (including dividends). From listing (₹469 to ₹700), the total return is around 49%. In the past year (2025-26), the company’s return has been up to 58% (as per the Nifty India Defence Index), while YTD (2026) has shown a 10-15% increase. This performance is due to the company’s growing order book in the defence and space sector (₹630 crore) and new technology initiatives.
Latest news and updates
Recent developments at Paras Defence include the impact of tensions in the Middle East and the company’s new announcements:
Middle East tension and share rise:
After the death of Iran’s Supreme Leader Ayatollah Ali Khamenei, the Iran-Israel-US conflict escalated, boosting export opportunities in the defence sector. During Prime Minister Narendra Modi’s visit to Israel, there was a focus on cooperation in the defence field. This led to a 3.5 to 13.5% increase in shares of HAL, BEL, Bharat Dynamics and Paras Defence.
Announcement of semiconductor venture:
On 27 February 2026, the company set up a new subsidiary ‘Paras Semiconductors Pvt Ltd’, in which Paras Defence holds a 70% stake (₹7 lakh investment). This subsidiary will establish advanced heterogeneous packaging and 3D packaging OSAT facilities for AI, high-performance computing, networking and data centres. This announcement became the main reason for the share rise.
Financial results (Q3 FY2026):
In the December 2025 quarter, the company’s net profit rose 21.1% to ₹18.21 crore, while sales increased 24% to ₹106.35 crore. The company’s order book stands at ₹630 crore.
Other updates:
The company signed an MoU with Israel’s MicroCon Vision Ltd in April 2025, which will bring drone camera technology to India. In February 2026, the company presented to investors at Kotak Institutional Equities’ ‘Chasing Growth 2026’ programme. (Source: company’s official website)
Even on X (formerly Twitter), there is a lot of talk about defence shares today, with Paras Defence leading with a 12.17% rise. Experts say these trends may be short-term, but the company’s strong fundamentals (low debt, rising sales) are attracting investors.
Paras Defence is a leading defence and space company in India, working in drones, optics and electronics. Despite the market uncertainty, the company’s future looks bright. Investors should make decisions keeping market risks in mind.
Disclaimer:
NiftySharePrice.com stock market news is based solely on publicly available, authentic data sources like NSE – BSE and SEBI-authorized brokers & analysts. Investing in the stock market involves risk. So, do your own research and consult your authorized advisors before investing.
